Will the Fed Hike Rates in September?
The Federal Reserve could raise interest rates again in September after stronger-than-expected U.S. job growth revived concerns that the economy remains too strong for inflation to fall quickly.
Economy
Lebanon Moves to Revive Public Housing Loans for the First Time Since 2019
Lebanon is preparing to revive housing loans through the Public Corporation for Housing for the first time since the 2019 financial collapse. Officials are seeking around $100 million to support roughly 1,400 families, with a proposed 3.5% interest rate and a minimum 20% down payment.
Generator Bills in Lebanon Are Surging Again as August Tariffs Jump Nearly 20%
Generator bills in Lebanon are climbing sharply after the Energy Ministry raised the August tariff by nearly 20% to LL48,241 per kWh. Higher diesel prices and reduced EDL production mean many households are paying more per unit while also relying on generators for longer hours.
Oil Heads for Its Biggest Weekly Gain Since July as the Iran War Threatens Global Supply
Oil is heading for its strongest weekly gain since July, with Brent up around 7% as renewed U.S.-Iran fighting raises fears of further disruption to Middle Eastern supply. Threats to shipping through the Strait of Hormuz and possible strikes on Iranian energy infrastructure are worrying markets.